ASTER Token Shows Bullish Signals Amid Buyback Program and Technical Patterns
ASTER continues to demonstrate strong market confidence with its Stage 5 buyback program, having repurchased 12.14 million tokens to date. The initiative underscores the team's commitment to stabilizing token value and fostering investor trust, though purchases from the Strategic Reserve Wallet remain pending. Market participants are keenly watching for further strategic moves that could signal long-term potential.
Technical analysis reveals a bullish outlook for ASTER, with a falling wedge formation on the 4-hour chart suggesting an imminent upward reversal. The double-bottom pattern further reinforces support at current lows, indicating weakening sell pressure and growing buyer interest. A breakout above the wedge's resistance at $0.84 could propel the token toward $0.98 or higher, according to crypto analyst Peak.
